Maiden Batch Of SRM AP Students Create Record With Incredible Startup OurEye.ai

* It is indeed the first-ever Indian Private University where the maiden batch of graduating students successfully launch a startup- OurEye.ai 

* Sourav Sanyal, Miran Junaidi, and Saurabh Ghanekar, Computer Science students of SRM University-AP, Andhra Pradesh, are the Co-Founders of OurEye.ai.

OurEye.ai is all about creating a whole new world of remote auditing and monitoring with pre-existing CCTV-IP infrastructure.  It is a Real-Time video analytics platform that enables enterprises to supercharge their business with video analytics. This transforms and solves numerous operational problems across a variety of sectors such as F&B, Hospitality, Workplace Safety, and Manufacturing. The virtual video auditing solution provides data on certain critical metrics on Hygiene / Safety & Quality. OurEye.ai, since its inception, has analyzed more than 5000 hours of video feeds across enterprises in India and the US. OurEye.ai has also successfully raised $120,000 from top venture capitalists and high-ranking angel investors. OurEye.ai has a variety of industry partners such as Microsoft for Startups, NASSCOM, and  AWS for Startups. Poised for growth OurEye plans to scale up its current team and expand into new markets helping enterprises adopt path-breaking technology to reduce operational challenges and expenses.

Miran says, “SRM-AP is a place that provides an exciting world of opportunities and an amazing learning experience. This was something that truly helped me discover and define my future.  The Semester Abroad Program to UC Berkeley on Entrepreneurship is something so unique, to me, a life-changing opportunity. In fact, the idea of OurEye.ai was born when I lost my mobile in a park and waited for more than 10 days just to receive a reply on the camera footage. Upon further research, we realized that enterprises around the world have over a billion cameras that are placed on walls solely recording data to hard drives and that data is used only for analyzing events after they happen. This put into motion the formation of a business idea of foraying into an AI-based real-time virtual video auditing solution. We’ve presented this project on a multitude of global hackathons and have won many awards against the likes of MIT, Stanford, Carnegie Mellon and many more in the US”.

“ The Next Tech Lab, is an amazing place to work round the clock as we’ve had access to the lab 24/7, ‘You become who you are with’ is the community approach and culture at NextTech Lab. Imagine what the world can be and must be. Adithya and Anshuman, returning from MIT founded the lab, taking inspiration from the MIT Media Lab a place they had spent time working and building projects. OurEye was developed at NextTech- we built the best projects, had fun exploring and innovating with technology every single day. NextTech Lab is the first-ever lab in India to be awarded the prestigious QS Award by the Wharton School of Business, University of Pennsylvania” said Sourav

The Co-Founders say “ Now OurEye.ai, having launched with $ 120,000 from top venture capital firms and leading angel investors, is on its way to expand the business globally across sectors and is working on an aggressive growth plan to further raise $ 1 million and more down the line.

President Dr P Sathyanarayan said “ SRM-AP has a clear charter to advance and promote entrepreneurial and start-up ecosystem and culture to transform the state and the country. It is gratifying to see that we were the first in the country to strike an alliance with UC Berkeley, SECT and Jacobs, for Design, Innovation and Entrepreneurship”. “Our vision is that SRM AP should become the pride of Amaravati like what UC Berkeley and Stanford are for Silicon Valley.  With immense pleasure, I recognise and award  Sourav, Miran and Saurabh, the Co-Founders of OurEye.ai, the start-up an award of ₹ 5 lakhs”, he added.

“Miran, Saurabh and Sourav, students of the maiden batch of SRM-AP, are not only setting an example to fellow students but will be quite involved with the University in establishing and creating an Entrepreneurial Ecosystem. Such successes certainly reaffirm our commitment to entrepreneurship and the idea of promoting start-ups, which are so critical to define the character and future of the university, region and the nation” expressed Prof V S Rao, Vice-Chancellor of the University.

Tata Motors Launches The ‘XPRES’ Brand For Fleet Customers

Tata Motors, one of India’s leading automobile manufacturers, today announced the launch of a new brand ‘XPRES,’ exclusively for fleet customers. Under the XPRES brand, the company will introduce offerings, catering to fleet specific needs of safety, passenger comfort and low cost of ownership. All vehicles for the fleet segment will sport an elegantly designed XPRES badge, clearly differentiating them from the growing ‘New Forever’ range of cars and SUVs that cater to the requirements of the personal segment.

The first vehicle under the XPRES brand to be launched shortly, will be an Electric Sedan, called the ‘XPRES-T’ EV. Targeted at mobility services, corporate and government fleet customers, the XPRES-T EV will come with an optimal battery size, captive fast charging solution, which will ensure outstandingly low cost of ownership in addition to safety and passenger comfort, making it a comprehensive and attractive proposition for fleet owners and operators. 

Announcing the launch of the XPRES brand, Mr. Shailesh Chandra, President, Passenger Vehicle Business Unit, Tata Motors said, “We are delighted to launch the Xpres brand which will introduce smarter, future-ready mobility solutions to cater the special needs of all fleet customers – government, corporates, and mobility services. Electric Vehicles deliver very low cost of ownership, with minimal maintenance, at the same time offer a very comfortable and pleasant drive. This makes them an ideal choice for intra-city mobility services.

Tata Motors, remains deeply committed to support the Government’s emphasis on green mobility. Currently, we have over 1,700 electric sedans successfully operating in the fleet segment. The launch of our forthcoming ‘XPRES-T’ EV Sedan, will create a new benchmark for urban shared mobility and will include a comprehensive captive charging solution provided by our partner, Tata Power. This will enable higher utilisation and increased income for our fleet customers.”

The all-new XPRES-T electric sedan will be soon available at select dealerships in India for bookings. It comes with 2 range options - 213km and 165km (ARAI certified range under test conditions). The XPRES-T EV packs a high energy density battery of 21.5 kWh and 16.5 kWh and can be charged from 0- 80% in 90 mins and 110 mins, respectively, using fast charging or can also be normally charged from any 15 A plug point, which is easily available and convenient. It comes with zero tail-pipe emission, single speed automatic transmission, dual airbags, ABS with EBD as standard across variants. The premium black theme interior with standard automatic climate control and Electric Blue accents across its interior and exterior will give it a differentiated presence from other Tata cars.

AI Powered Logistics Startup Shyplite Launches - "Shypmax: India's First And Only Cross Border LPaaS"

* Shyplite enables international business and automates their logistics to increase shipping efficiency by providing a single-window platform integrated with multiple carriers.  

* Shypmax is now live for deliveries to 40 + countries and will soon be covering delivery to 220 Countries progressively (within 3-4 months) with over 70 Carrier and network partnerships in place globally. 

Shyplite, a 4PL AI-powered logistics platform that enables businesses to automate their logistics and increase shipping efficiency by providing a single-window platform integrated with multiple carriers, has launched Shypmax which is India's first and only Cross border LPaaS (Logistics Platform as a service) which also has asset light carrier capabilities and an Asset Light Supply Chain Solution, backed by a contemporary product and stellar service.  

Shypmax is now live for deliveries to 40 + countries and will be covering delivery to 220 Countries progressively with over 70 Carrier and network partnerships in place globally. Shypmax is also one of the first IOSS ready service in India, with focus on compliance for new regulations in the European Union (EU). 

Shypmax aims to take away all the pains of delays, compliances, surprise penalties and shocks out of the Cross Border shipping faced by businesses and their customers' shopping experience. With the use of Machine Learning (MI) and AI to the service, Shypmax provides end to end tracking, predictive choice of carrier according to category, geography and extends to automated compliances and documentation.  

On the launch of Shypmax, Nisschal Jain - Founder and Managing Partner, Shyplite said “We are really ecstatic to be the first company in India to launch a cross border LPaaS like Shypmax. The product was conceptualised to address problems faced by thousands of Indian businesses and sellers who have ambitions to expand their business globally, but their key challenges were complex cross border shipping and steep pricing. Shypmax will thus enable and empower Indian SME’s and D2C’s towards sustainable, price effective and simplified cross border shipping to enable them to expand to global markets.” 

Shypmax will cater to businesses who have shipping needs for their goods being carried out of India by air such as D2C ecommerce, offline and B2B companies. Businesses can now ship from 27000 pin codes across India to 220 countries around the world, we will ship everything from a needle to a bed. 

“India Outbound is a 50 billion $ GMV market between D2C and B2B cross border shipping, which roughly translates to 8% logistics spend. Indian Exports reached its peak at $ 95 billion in the last quarter, the share of Air transport will only increase with time in the post covid era. The sector is growing at 25% CAGR and we think that the launch of Shypmax will be beneficial for SMEs across the country and will help simplify cross border shipping. We are also in advanced talks to create Inbound India services as a reciprocal arrangement along with our worldwide carriers.” commented Parinay Itkan - Founder and COO, Shyplite “Other players in similar domain as Shyplite are mostly into traditional 3PL and Express courier services, Large Freight Forwarder enterprises and Neighbourhood freight forwarders where as Shyplite is based on its robust product, AI enabled technology, marginal prices and customer satisfaction service. The product will see rapid development and disrupt how commercial shipments are sent from India in coming years.” - Commented Sugam Jain - Founder and CEO, Shyplite 

About Shyplite: 

Shyplite a 4PL AI-powered logistics automation and fulfilment platform enabling businesses to automate their logistics and increase shipping efficiency by providing a single-window platform integrated with multiple carriers. Trusted by 90,000+ sellers, It has 30+ courier services on its platform, multiple marketplaces and carts integrations, and 26000+ shipping pin codes PAN India with 220 countries served globally. People can get the lowest shipping rates with zero monthly subscriptions, Early COD facility, and many more user-friendly and robust features on a single dashboard for all your shipping needs. 

Union Bank Of India Accelerates Its “Digital Transformation Journey” With Inauguration Of Digital Vertical At BKC

Union Bank of India launched a “Digital Vertical” at Naman Centre, BKC, Mumbai to drive development of various Digital Banking Products, Fintech Partnerships &Digital Marketing. 

The vertical has been setup to strengthen the bank’s digital footprint in the BFSI space with an aspiration to create a ‘Digital Bank within Bank' by leveraging strengths of the recently 3 amalgamated banks. 

With an intention to create smooth and hassle-free digital journey and superior customer experience, this first of its kind Vertical will act as ‘Digital Thought Circle’ of the bank. It will include research & innovation apart from establishing partnerships, development, explore UI/UX avenues to ease customer conveniences and implementation of various futuristic digital platforms. 

Speaking on the occasion, Shri Rajkiran Rai G, MD & CEO, Union Bank of India said, “To capture the growing digital business and to build a strong digital ecosystem within the Bank, the digital vertical will aid to re-orient the Bank’s digital vision. The vision includes exploring innovative solutions and new emerging technologies such as AI, ML, 5G, Blockchain etc. Union Bank of India has already initiated major digital initiatives like CRM, Trade Finance, Video KYC that are under various implementation stages.” 

Also, on the occasion Shri Rajkiran Rai G, launched a new version of Umobile application with new User Interface (UI) and User Experience (UX). 

Photo caption:  

Shri RajKiran Rai G, Managing Director & CEO, Union Bank of India, flanked by Shri Dinesh Kumar Garg, Shri Nitesh Ranjan, Executive Directors, Shri Satyanarayana Pathuri, Chief General Manager,Digitization & other Executives of the Bank on the occasion of inauguration of “Digitization Vertical” at BKC, Mumbai. 

Practically Enters Into Exclusive Partnership With RUPSA To Provide Free Access To Award-Winning Practically School Solution

* Move to benefit more than 1.2 lakh students and 6,000 teachers at 300 RUPSA partner schools  

* With this collaboration, Practically forays into Karnataka 

Practically, India’s first experiential learning app designed to make learning immersive and increase retention in STEM learning among students of class 6 to 12, has tied up with RUPSA (Registered Unaided Private Schools Management Association, Karnataka) to provide high-quality education to 1.2 lakh students and 6,000 teachers at 300 RUPSA partner schools. 

This marks the expansion of Practically in the southern state of Karnataka after creating a niche in Andhra Pradesh and Telangana. Practically offers immersive content and learning experiences through its innovative Practically School Solution. The solution enables the teacher with capabilities like 3D visual content, life-like simulations, augmented reality modules, NCERT solutions, test preparation, industry-first Scan Anything feature and live classes that help K-12 students grasp STEM concepts better. Practically will soon hit a milestone metric of 1 million MAU and plans to expand further across India beyond the recent foray into Tamil Nadu and Karnataka. 

RUPSA is an association with 6000 partner schools formed to create awareness about problems faced by unaided private schools of Karnataka while providing a common vision, strategy to solve them by including the insights of all stakeholders like school management, teachers, students, parent and various leaders across the community. 

As a part of this collaboration, Practically School Solution will be adopted by renowned schools in Karnataka including Sandipani Group of Institution at Bangalore, Hongirana International School at Chitradurga, Chinmaya Vidya Kendra at Bangalore, NMK Institution at Jagalur, Veda School at Chitradurga to name a few. 

The Practically School Solution will enable teachers to conduct unlimited virtual classes from anywhere, any time and on any device. The Practically School Solution additionally offers features like reports, polls, analytics, assigning homework, etc. which assists the teacher to closely monitor the progress of each student. The solution offers teachers access to 3,000+ videos and 1,000+ simulations and Augmented Reality (AR) thus making the teaching process more convenient and engaging. A core team has been formed by Practically along with RUPSA for seamless deployment of the solution.  

Currently, over 350+ schools across India, especially in Andhra Pradesh, Telangana and in the Middle East are using Practically to conduct online classes during the pandemic.  

While commenting on the expansion of Practically into Karnataka, Ms Charu Noheria, COO and Co-Founder, Practically, said, “Practically School Solution has been very well received in AP and Telangana. We are now expanding our footprints in Karnataka with this association with RUPSA. We are proud to extend our new age e-learning techniques and high-quality digital content to hundreds of schools thus developing a more engaged and efficient method of teaching and learning. We are aiming to add 900 RUPSA partner schools in a phased manner in the next 12 months.” 

“The current Covid-19 situation has disproportionately affected the education system of the country. It is essential that schools continue providing seamless education while effectively utilizing latest digital tools while fulfilling the necessary academic needs of students. We are very excited to partner with Practically as it will help to upskill our teachers in digital tools and ensure academic continuity in children.” said Lokesh S Talikatee, State President, RUPSA. 

Recently, Practically tied up with Telangana Recognised School Managements Association (TRSMA) as the exclusive online learning partner to bring free access to Practically School Solution to over 2.5 lac teachers, 33 lac students across 10,000 schools covering all 33 districts in Telangana. Practically has also tied up with CSMA in Tamil Nadu for free access to Practically School Solution which will benefit 1 lakh+ students and 6,000 teachers from 300 member schools in the state. 

About Practically 

Founded in 2018 by Mr Subbarao Siddabattula, Founder & CEO, Ms Charu Noheria, Co-Founder & COO and Mr Ilangovel Thulasimani, Co-Founder & CTO, Practically uses next-generation interactive methods, such as Augmented Reality (AR), Simulations and 3D videos for an enhanced learning experience. 

Practically is an intelligent, interactive and immersive learning app for students of classes 6 to 12 with a focus on STEM learning. Practically is the only such product in the world that combines game engine, immersive learning assets, and AI-assisted study buddy, all in one compact cross-platform app. Through its patent-pending technology, thousands of exhilarating, life-like simulations, and Augmented Reality (AR) experiences are combined with learning pathways to bring learning alive and increase the rate of retention of concepts. Practically also offers Live classes, Coding ++ course and a 24x7 Seek Help feature for doubt resolution, where students can reach out to subject experts on the platform. 360,000+ students, 200+ schools and 18,000 teachers across India and the Middle East are already benefiting from the engaging content on Practically.  

The Practically School Solution, a B2B2C offering, gives schools and their teachers access to the Practically teacher app FREE of cost. Teachers can access 3000+ videos and 1000+ Simulations/AR and features like reports, test-preps, polls, analytics, assigning homework, etc. The app covers all major boards across Math and Science for 6th to 12th grades. Over 200 schools across India and the Middle East are using Practically to enable online classes during the pandemic and this number is growing very fast. 

Recently, Practically was names winner at TiE50 at TiEcon 2021. It was awarded EdTech Startup of the Year at Startup Awards 2021 by Franchise India & Entrepreneur India magazine. Practically was also adjudged Most Innovative STEM Solution by Elets Digital Learning magazine at the World Education Summit 2021. 

AI-Driven o9 Solutions Bookings Quadruple During 1H’21

o9 Solutions Inc., a premier AI-driven integrated planning and operations solution provider for the enterprise, reported 78% sequential growth in software bookings in Q2’21 compared to Q1’21. In 1H’21 bookings more than quadrupled compared to the same period a year ago continuing o9’s strong growth momentum. New clients accounted for 85% of overall bookings in Q2’21, with over 90% coming from large enterprises with multi-billion dollar revenues. Expansions at existing clients accounted for the majority of the remaining bookings highlighting the value add of o9’s platform. Bookings growth was diversified across o9’s core verticals of retail, brand manufacturing, industrial manufacturing and supply manufacturing.

The company also delivered more than twice the number of global deployments to its clients during 1H’21 compared to the same period a year ago by leveraging its industry-specific reference models and realizing rapid time-to-value across complex planning workflows including demand, supply, inventory optimization, S&OP planning, and control tower.

o9’s hiring growth continued apace with the number of global employees approaching 1,300, including nearly 200 across Japan, Korea and in 11 countries in Europe where the o9 team has grown by 56% since the end of 2020.

Another highlight of o9’s Q2’21 was its successful aim10x Global event, which was attended by nearly 5,000 participants and featured over 70 speakers from around the world, including senior leaders from Airbus, Henkel, Nestlé, Philips, Walmart, and many others. The virtual event spanned over three days with keynotes, panel discussions and roundtable sessions where attendees from supply chain, analytics, planning and digital transformation discussed the latest trends, challenges, and exchanged success stories and key learnings.

“As companies globally continue to recover from COVID-19, o9’s ‘Digital Brain’ platform is proving to be highly differentiated in its ability to rapidly accelerate their transition from a traditional operating model to a digital operating model,” said Chakri Gottemukkala, CEO of o9. “A digital operating model is an existential imperative for enterprises looking to rapidly respond and react to complexity and volatility while also making environmentally sustainable planning decisions. During Q2’21 we were proud to add iconic leaders across oil and gas, fashion and apparel, and electronics as our clients.”

“Our performance during Q2’21 was doubly impressive in light of the significant disruptions in India related to COVID-19. We continued to perform exceedingly well while prioritizing the health and safety of our team members. This is a testament to o9’s digital-first delivery model and reference model efficiencies,” said Igor Rikalo, o9’s President & COO.

Key highlights during Q2’21 included:

Continued expansion in APAC with a new SaaS engagement announced with Korea-based Doosan Infracore and expansion of vTradex partnership in China

Announced collaboration with Microsoft to transform disparate data into market knowledge using o9’s platform and Microsoft Azure Synapse Analytics

Extended partnership with Deloitte to provide joint implementation and operate services through a Center of Excellence

The aim10x Executive Council added the following advisors: Katherine Ross, Philippe Lambotte, Francisco Crespo, Cheri Mara, Dr. Carsten Linz, and Helen Davis.

o9 Solutions was named one of America’s 500 fastest-growing companies by the Financial Times

Organized a COVID vaccination camp in India for employees and their dependents

o9 joined Pledge 1%, a movement dedicated to empowering companies to donate 1% of their efforts back to the community

o9 committed to Science-Based Targets Pledge to set science-based emissions reductions targets across the entire value chain that are consistent with keeping global warming to 1.5°C above pre-industrial levels.

About o9 Solutions, Inc.

o9 Solutions is a leading AI-powered platform for integrated business planning and decision-making for the enterprise. Whether it is driving demand, aligning demand and supply, or optimizing commercial initiatives, any planning process can be made faster and smarter with o9’s AI-powered digital solutions. Bringing together technology innovations—such as graph-based enterprise modelling, big data analytics, advanced algorithms for scenario planning, collaborative portals, easy-to-use interfaces and cloud-based delivery—into one platform.

Neeyamo Rolls Out Vaccination For Employees In Chennai, Madurai, And Pune; Provides Reimbursement For Those Vaccinated Privately

Neeyamo, a leading provider of technology-driven global payroll and HR solutions based in Chennai, has effectively organized a series of vaccination drives for its employees located in Madurai, Pune and Chennai. The company has facilitated Covishield vaccination drives for over 650+ employees in partnership with Apollo Hospitals in Chennai & Madurai and Ruby Hall Hospitals in Pune. Neeyamo has plans to immunize its entire workforce within the next 30 days as the company gradually returns to work at its offices.

The company has been conducting a series of executive-led awareness campaigns to encourage its employees and their dependents to get vaccinated. In addition to organizing vaccination camps, Neeyamo has also announced a program to reimburse the total vaccination costs of all its employees who want to get their doses at private centers and vaccines of their choice. This will also benefit those employees who currently reside in their hometowns, away Global Delivery Centers. 

Neeyamo has revamped its wellness policies to cater to the current scenario. Hospitalization leave can be availed by those who test positive by verifying the RT-PCR test, regardless of getting admitted or undergoing self-quarantine. Over the past few months, Neeyamo has been focusing on various internal awareness programs on its internal employee engagement platform NeeyamoWorks POST™.

Rangarajan Seshadri, CEO of Neeyamo said, “At Neeyamo, our highest priority for the past two months has been to ensure our employees’ health and wellbeing. The second wave was quite challenging, and we would like to take all measures to make sure that our employees are safe. We are committed to ensuring a safe return to work, and employee vaccinations are the first step in this direction. From sanitizing our offices regularly to mandating social distancing, we are extending all possible efforts to ensure employee wellbeing by going over and above government-recommended regulations and safety practices as we reopen our offices.”

About Neeyamo

Neeyamo is a leading platform-based global Payroll and HR solutions provider focused on delivering global HR and payroll services to multinational organizations with operations across a long-tail of countries. With an extensive team of professionals serving clients across 190+ countries, Neeyamo leverages its unique service-based model and functionality-rich, next-generation portfolio of HR products to help organizations enable agile and scalable business. Neeyamo envisions to stand at the forefront of revolutionizing the global HR ecosystem and meet market-specific requirements including Global Payroll, Benefits, Workforce Administration, Background Screening, Global Compliance and Employee Helpdesk. Visit www.neeyamo.com to know more.